BitMEX founder Arthur Hayes predicts that BTC will hit $1 million by the end of the decade as he predicts that the monetary policies of the US and EU will blow up.
He further called on all Bitcoin fans to spread the gospel as the only way it can sustain its value is if it’s used for day-to-day transactions.
Bitcoin is heading to $1 million and gold to $20,000 before the end of the decade. This is according to Arthur Hayes, the founder, and ex-CEO of the Bitcoin Mercantile Exchange (BitMEX), one of the world’s largest crypto derivatives exchanges. Hayes believes that the monetary and fiscal systems that the EU and the US have adopted are not sustainable in the long term and that once it all blows up, Bitcoin and gold will be the assets of choice for the two regions.
In an April 27 blog post titled “The Doom Loop,” Hayes delved into how the COVID-19 pandemic has revealed the inadequacies of the monetary and fiscal policies upon which the world’s biggest economies have been b
